Wednesday, 31 December 2008

Postwar Iraq has managed to open nearly 90 percent of its oil reserves in 2008 to international oil companies for development through two major bidding rounds that are planned to be finalized in mid and end of 2009, Sinan Salaheddin reports for the Associated Press.

Iraq is classified as the world's third largest in oil reserves with at least 115 billion barrels underneath, but decades of wars, bad management, U.N. economic sanctions, sabotage acts and insurgent attacks have kept these resources away from the Iraqis.

With these two rounds, Iraqi Oil Minister Hussein al-Shahristani plans to add 4 million to 4.5 million barrels a day to its current 2.4 million bpd within four to six years to help building its heavily damaged infrastructure and bringing life to its economy.

Oil and gas fields on offer in the first bidding round are: Kirkuk and Bai Hassab oil fields in the north, Rumaila, Zubair, West Qurna Phase 1 and Maysan oil fields--Buzurgan, Fauqa and Abu Ghirab--in the south, and Akkas gas field in western Iraq and Mansouria gas field in the east.

Oil and gas fields on offer in the second bidding round are: Majnoon, West Qurna Phase 2, Halfaya, Gharraf, Badra oil fields and Siba gas field in the south. East Baghdad, and the group of Kifl, West Kifl and Merjan in central.A group of Qamar, Gullabat and Naudman oil fields and Khashm al-Ahmar gas field in the east and Qayara and Nejma in the north.

“We called it our Berlin Wall,” said Saad Khalef, 41, told The NYT on March 6 story as he surveyed the newly uncovered ground where the walls had stood, as crushed and pale as the skin beneath a bandage. “Now we can breathe easy. Yesterday, I felt a breeze coming through, I swear to God.”The NYT's Anthony Shadid in a piece on Jan. 6, 2011 two days after Muqtada Al-Sadr's return from nearly four-year self-imposed exile in Iraq: In 2004, an American spokesman in Baghdad called Mr. Sadr “a two-bit thug.” On Wednesday, the State Department spokesman, Philip J. Crowley, called him “the leader of an Iraqi political party that won a number of seats in the March 2010 election.”